Wendy Sun | Investor Relations Director |
Vincent Qiu | Chairman & Chief Executive Officer |
Arthur Yu | Chief Financial Officer |
Tracy Li | BD, Vice President |
Binnie Wong | HSBC |
Alicia Yap | Citigroup |
Joyce Ju | Bank of America |
Thomas Chong | Jefferies |
Tian Hou | T.H. Capital |
Charlie Chen | China Renaissance |
Ashley Xu | Credit Suisse |
Feitong Zhang | CICC |
Good morning, ladies and gentlemen. Thank you for standing by for Baozun's Fourth Quarter and Full Year 2020 Earnings Conference Call. At this time, all participants are in listen-only mode. After management's prepared remarks, there will be a question-and-answer session.
As a remainder, today's conference call is being recorded I will now turn the meeting over to your host for today's call, Ms.